Businessman Alexander Kolobov, who owns the Shokoladnitsa chain , is no longer is a co-owner of Panda Express Russia LLC . This commercial structure is developing in Russia with 2018 American chain Panda Express franchise,RB reports.
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100% of the company's shares went to Inna Tokhsirova, who is associated with the Shokoladnitsa business and previously worked as the CEO of Skyeng LLC. Freedom Finance Global analysts estimated the assets at 200-400 million rubles; in 2023, the company suffered losses of 106.2 million rubles with revenue of 149.6 million rubles.
Since its foundation, the current legal entity of Panda Express in Russia has never been above losses. This situation is explained by high commercial expenses. For example, from 2020 to 2023, they increased from 100 to 120 million rubles.
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